The bakery products market in Saudi Arabia is estimated to grow at a CAGR of 8.2% - Foodex Saudi

Published 2018-06-25 09:51:26

Saudi Arabia is estimated to be the
20th largest bakery products market worldwide, with US$5.11 billion worth of
retail value sales in 2016. Around this period, the Saudi Arabia bakery product
market fell in global ranking, from 18th to 20th.

The leading international bakery
company in the world is Mondelez International Inc and in 2017 it led the
bakery products sector in Saudi Arabia with retail sales of US$138.3 million.

As such, the bakery products market
in Saudi Arabia is estimated to grow at an 8.2% compound annual growth rate
(CAGR) with an estimated US$8.7 billion in retail value sales by 2021. The
baked good subsector is the largest of the three subsectors within bakery
products category and made up 86% of overall value sales.